Latin America looking to improve risk practices

The FSF also discussed the issue of risk posed by currency mismatches. Although there was a general feeling that policy improvements had already improved growth in the region, FSF participants said further work on macroeconomic policies was required. This included calls for floating exchange rates to facilitate further growth and eradicate mismatches.

The new Basel capital Accord was also on the agenda, with debate centring on whether the necessary preconditions for entry have yet been fulfi